Member Info for harel

The jhi transaction proves a great value creator for wte, when the deal was stroke eco was trading at 28p, in two weeks the value increased by 50%!!
Now only the eco holdings, which is cash equivalent, is worth 5m$!!
With 2m$ in the bank and 5.2% of cataleya with no debt and 30m$ cash balance, we are trading under the cash value not including the value of the cataleya kaieteur interest and the potential consolidation.
The next 12-28 month will see so many world class catalysts..
A no brainer!

Dont worry news are due soon, not sure its better then no news though...

My guess would be a 2b farm out but if they will go for a placing i would wait for the orinduik target selection and drilling decision right before the gazania spud then raise at 50-60p.

after the eliot investment and the hess farm out i assume cataleya holds around 30m$ cash.
at times of consolidations in the basin and after the delay in kaieteur uts more then probable that cataleya will use its high cash balance to consolidate and fund some near term high impact wells.
the most reasonable candidate is mid atlantic which needs funding for the 12 wells campaign planned in canje after most of its cash probably dried out after funding sapote-1 by themselves.
that could be a great catalyst for wte near term.
in the medium term i expect around Q3 the launch of the coming campaign and this time eco will participate directly so i expect a lot of info and marketing by gil holtzman.
a lot of new catalysts were added to the blend by the eco-jhi transaction that realy think the wte investors are in a better place thanks to the eco exposure.
now trading at the cash and cash equivalent value wte is a great exposure as 0 potential is being priced while we have exposure to multiple world class, high impact wells and non binary events...

P, whats your email, i want to send you something

Exxon will reanalyze the all seismic, drilling decision will be delayed to 10/2023

p, your ratio-wte idea is a very smart thinking, i just contacted ratio's ceo and presented the idea and offered to use my direct line to wte to check if that is of interest, a long shot but worth a try..

ratio's ceo claims they have a few interested parties in farming in to kaieteur, i would guess its a min' of 10% for a carry of at least two wells, they have cash for another well so that is the focus right now..
nothing will happen without a drilling decision by exxon.
i thought a deal with eco could serve ratio well but gil said he is not looking for a deeper paly exposure.

agree, the 3b/4b cpr is very conservative and thats good..
we now have multiple non binary events to wait for, the completion of the jhi merge and an updated cpr, an orinduik target selection and drilling decision that might be followed by a tlw farm out, a canje targets selection, a 3b/4b drilling decision and target selection, a namibian farm out is on the cards and more transaction could land at any time.
btw, the jhi merge comes with holdings in wte as well so even though its a tiny exposure, eco has interest in the kaieteur campaign as well.

Remember that this cpr doesnt include the jhi merge, the canje block is the most prospective block in eco's portfolio with around 10b of gross prospective resources..

"Our planned well for Q3 this year on Block 2B in South Africa is being quickly followed by work on the potential to drill on Block 3B/4B in the Orange Basin, directly adjacent to the recent discoveries announced by TotalEnergies and Shell. We are also confidently progressing towards drilling in Orinduik block offshore Guyana".

While waiting for a kaieteur update, eco, our other main investee company has released an updated cpr..

https://stockhouse.com/news/press-releases/2022/03/21/eco-atlantic-oil-and-gas-ltd-announces-new-competent-person-s-resource-report

The update is expected any day now, today the israeli market was open, ratio petroleum was red all day, that suggests we have another delay but my guess is that if so it might be a short delay of about 8 weeks, maby related to tarpon-1 on the other side of the boarder.
That kind of a delay is welcome because its not a drill delay but an update delay, but lets see what tomorrow brings..

Thanks,
Checked it as well, the deal was "up to four wells", so probably was based on success, still waiting for word from the bod.

Im waiting for confermation and will update.
If so it means another 15m$ of cash equivalent..

Jhi made a four well carry with total, one more to go..

First well fully funded, second well fully carried by total, each of them will turn eco to a unicorn on success..

As i said, 40p near term with no news.

Im not compering it to eco, thdre is no comperison.
The 2m pound is no money, all its good for is to keep the company from more dilution, it doesnt pay for any commitments.
The low mc does look appealing but you know its like that for years even when they had the adjucent block that was very prospective and 3d covered.
I allways calculated the walvis assets of eco at 0 as well, until a basin opener discovery will be made at the walvis there is no chance for gbp to farm out.
Its obvious that ecos licenses in the walvis are much more attractive with 10 years extension, a much more acreage, a well funded partner with a lot of data from its investor companies like afe, aoi etc..
My assumptions are based on following gbp for many years and trading some hypes..
There is no problem sitting on this one for years to wait for something to happen if you know the risks and willing to wait, but when i see posters counting barrels or thinking they are about to farm out any day i respond.

i hope all investor here understand there are no "farm in talks" just a company with no money, no 3d seismic, 0 interest and a tight schedule that makes your investment depend on extension of working commitments.
gbp will not farm out in the next few years!!!!!!!!!
do your own research, dont listen to the uneducated pumpers if you care about your money.